TPG Nambiar, the visionary founder of BPL and a pioneer in India’s consumer electronics industry, passed away at the age of 95. He established BPL in 1963 and led the company to prominence in the 1980s with high-quality electronic products. Despite its decline in the early 2000s, BPL left a lasting impact in the... Read More
Swiggy has received enthusiastic investor interest for its $1.4-billion IPO in India, with bids from big investors like Norges Bank and Fidelity exceeding $15 billion. The IPO, launching next week, has seen its valuation reduced to $11.3 billion due to a recent market correction. Read More
The Odisha government downgraded former CM Naveen Patnaik’s security from Z to Y category, withdrawing most of his security personnel. Following a high-level committee’s recommendation, Patnaik is to be assigned two constables of havildar rank, with additional security provided as needed, including during out-of-state tours. Read More
Former President Donald Trump criticized current US leadership for ignoring violence against Hindus and other minorities in Bangladesh, stating such incidents wouldn’t have happened during his term. He promises to protect Hindu Americans and strengthen US-India relations if re-elected, emphasizing a focus on freedom and economic growth. Read More
India’s urban middle class is cutting back on spending due to inflation and unemployment, revealing weakness in urban demand for the second consecutive quarter. Major companies like Hindustan Unilever and Reliance’s retail unit have reported softer consumption, impacting their earnings and the broader economic outlook. Read More
The rupee closed near an all-time low against the dollar, ending at 84.08, with RBI intervention keeping it steady amid US election anxiety. The rupee dipped 0.3% in October, trading between 83.79 and 84.1. With potential Trump win, RBI prepped for sudden outflows, though importers and exporters may overlook rising global risks. Read More
B R Naidu, the new chairman of Tirumala Tirupati Devasthanam (TTD) Board, emphasizes that all employees at Tirumala, the sacred site in Andhra Pradesh, should be Hindus. He plans to discuss staff reassignment or voluntary retirement for those of other religions with the state government. Naidu commits to addressing irregularities and maintaining temple sanctity. Read More
